BDF Gestion Grows Stock Holdings in Arista Networks, Inc. $ANET

BDF Gestion increased its position in shares of Arista Networks, Inc. (NYSE:ANET) by 20.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,992 shares of the technology company’s stock after purchasing an additional 4,535 shares during the period. BDF Gestion’s holdings in Arista Networks were worth $3,537,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Bare Financial Services Inc boosted its position in shares of Arista Networks by 2,118.2% during the 2nd quarter. Bare Financial Services Inc now owns 244 shares of the technology company’s stock worth $25,000 after acquiring an additional 233 shares in the last quarter. Board of the Pension Protection Fund purchased a new position in shares of Arista Networks in the 4th quarter valued at about $26,000. AdvisorNet Financial Inc raised its position in shares of Arista Networks by 56.7% during the 3rd quarter. AdvisorNet Financial Inc now owns 199 shares of the technology company’s stock worth $29,000 after acquiring an additional 72 shares in the last quarter. Knuff & Co LLC acquired a new stake in shares of Arista Networks during the 3rd quarter worth about $29,000. Finally, Richardson Financial Services Inc. lifted its stake in Arista Networks by 141.3% during the third quarter. Richardson Financial Services Inc. now owns 222 shares of the technology company’s stock worth $32,000 after purchasing an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Insider Buying and Selling

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $128.67, for a total transaction of $1,029,360.00. Following the completion of the transaction, the director owned 1,784 shares in the company, valued at approximately $229,547.28. This represents a 81.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Yvonne Wassenaar sold 1,395 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $134.34, for a total transaction of $187,404.30. Following the completion of the sale, the director owned 11,179 shares of the company’s stock, valued at $1,501,786.86. This trade represents a 11.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 199,632 shares of company stock valued at $26,936,324 in the last ninety days. Company insiders own 3.54% of the company’s stock.

Arista Networks Stock Performance

Shares of ANET opened at $135.98 on Tuesday. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $164.94. The firm has a 50-day simple moving average of $135.61 and a 200-day simple moving average of $137.24. The company has a market capitalization of $170.87 billion, a price-to-earnings ratio of 49.27, a price-to-earnings-growth ratio of 2.32 and a beta of 1.46.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Thursday, February 12th. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.07. The firm had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.38 billion. Arista Networks had a return on equity of 30.37% and a net margin of 38.99%.The firm’s revenue for the quarter was up 28.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.66 EPS. Equities research analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ANET shares. KeyCorp reaffirmed an “overweight” rating and issued a $178.00 price target (up from $170.00) on shares of Arista Networks in a report on Friday, February 13th. Barclays reissued an “overweight” rating and set a $184.00 price objective (up from $183.00) on shares of Arista Networks in a report on Friday, February 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Arista Networks in a report on Monday, December 29th. Wells Fargo & Company increased their target price on shares of Arista Networks from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $188.00 price target (up from $165.00) on shares of Arista Networks in a research note on Friday, February 13th. Eighteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $176.47.

Arista Networks Profile

Arista Networks, Inc is a technology company that designs and sells cloud networking solutions for large-scale data centers and enterprise environments. The company is best known for its high-performance switching and routing platforms, which are used to build scalable, low-latency networks for cloud service providers, internet companies, financial services, telecommunications, and enterprise IT. Arista’s offerings emphasize programmability, automation and telemetry to support modern, software-driven network architectures.

Central to Arista’s product portfolio is its Extensible Operating System (EOS), a modular network operating system that provides consistent programmability, stateful control and advanced visibility across the company’s hardware platforms.